Mizuho Financial Group (NYSE:MFG) Hits New 52-Week High – Should You Buy?

Mizuho Financial Group, Inc. (NYSE:MFG)’s stock price hit a new 52-week high during trading on Thursday . The stock traded as high as $10.96 and last traded at $10.9960, with a volume of 1843 shares changing hands. The stock had previously closed at $10.81.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Mizuho Financial Group in a report on Wednesday, July 29th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Mizuho Financial Group Stock Performance

The stock has a fifty day simple moving average of $10.12 and a two-hundred day simple moving average of $9.17. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.93 and a current ratio of 0.93. The stock has a market cap of $135.92 billion, a price-to-earnings ratio of 13.42, a P/E/G ratio of 0.85 and a beta of 0.45.

Mizuho Financial Group (NYSE:MFG) last posted its quarterly earnings results on Thursday, July 30th. The bank reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.05. Mizuho Financial Group had a return on equity of 12.82% and a net margin of 17.15%.The company had revenue of $8.55 billion during the quarter, compared to analysts’ expectations of $5.51 billion. Analysts expect that Mizuho Financial Group, Inc. will post 0.72 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of MFG. Parkside Financial Bank & Trust lifted its holdings in shares of Mizuho Financial Group by 72.9% in the fourth quarter. Parkside Financial Bank & Trust now owns 4,330 shares of the bank’s stock worth $32,000 after acquiring an additional 1,825 shares during the last quarter. Brown Brothers Harriman & Co. grew its holdings in shares of Mizuho Financial Group by 351.5% during the 4th quarter. Brown Brothers Harriman & Co. now owns 4,524 shares of the bank’s stock valued at $33,000 after purchasing an additional 3,522 shares during the last quarter. V Square Quantitative Management LLC acquired a new position in Mizuho Financial Group during the 1st quarter worth approximately $34,000. Grove Bank & Trust acquired a new position in Mizuho Financial Group during the 2nd quarter worth approximately $49,000. Finally, Kestra Advisory Services LLC bought a new position in Mizuho Financial Group in the 4th quarter valued at approximately $49,000. Institutional investors own 3.26% of the company’s stock.

Mizuho Financial Group Company Profile

Mizuho Financial Group, Inc is a major Japanese banking and financial services holding company headquartered in Tokyo. The group operates through a network of subsidiaries that provide a full range of retail, corporate and investment banking services. Its core businesses include deposit-taking and lending, transaction banking, cash management, trade finance and treasury services for both individual and institutional clients.

Beyond traditional commercial banking, Mizuho offers securities and capital markets services, investment banking, underwriting, M&A advisory, and asset management through its securities and trust banking arms.